10 Best Crypto Exchanges in USA 2024

Share this:
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

The popularity of cryptocurrency trading has skyrocketed, largely due to the rising value and popularity of cryptocurrencies themselves. In spite of the fact that crypto buying and selling can be daunting at first, and scams have occurred and continue to occur, today's best crypto apps, exchanges, and platforms make it easier and more straightforward than ever.

A variety of methods and places are available for investing in cryptocurrency. There are a number of crypto exchanges, platforms, and online brokers on our list, as well as apps that allow you to buy and sell Bitcoin for cash.

Start trading crypto now with Coinbase!
Your capital is at risk.

Top 10 Crypto Exchanges in USA

Broker Best For Maker fee Taker fee Number of Supported Coins

Crypto.com

Low Fees

0.04% - 0.40%

0.10% - 0.40%

250+

Coinbase

Crypto Investors and Traders of All Skill Levels

0.00% - 0.40%

0.05% - 0.60%

150+

Binance USA

Zero Fee Trading

0.1000%

0.1000%

100+

eToro

Copy Trading

N/A

N/A

25+

Kraken

High Level of Security

0.16%

0.26%

120+

Paxful

Peer-to-Peer Crypto Trading

0.1% - 5%

0.1% - 5%

3

Gemini

Beginner and Aadvanced Crypto Investors

Fee of $0.99 to $2.99 based on the amount or 1.49% for trades over $200

Fee of $0.99 to $2.99 based on the amount or 1.49% for trades over $200

63

FTX.US

NFT and Margin Trading

0.10%

0.20%

20

Bittrex

Low Fees for Advanced Traders

0.35%

0.35%

440

XT.com

Extensive Cryptocurrency Selection

0.20%

0.05%

398

Crypto.com - Best for Low Fees

Open an account
Your capital is at risk.

You may find Crypto.com to be a good option if you're looking for an all-in-one cryptocurrency platform that's affordable and easy to use. Aside from rewarding its users in several ways, Crypto.com offers over 100 different cryptocurrencies for investment. In addition to using crypto for everyday purchases, the exchange has its own VISA card. Furthermore, Crypto.com's debit card offers 8% cash back on purchases. You can earn crypto positions through crypto.com's rewards program if you enjoy spending money.

Also, Crypto.com withdrawal fees are free. Remember that if you're using a blockchain like Bitcoin or Ethereum to withdraw your funds, you'll still need to pay a transaction fee to miners.

👍 Pros

A wide range of crypto assets are available.

Cash transfers have low fees.

👎 Cons

There are relatively high fees associated with credit and debit purchases.

There are some services not available in the U.S.

Trades between cryptos are not allowed.

Coinbase - Most Trusted Crypto Exchange

Open an account
Your capital is at risk.

Coinbase is a popular cryptocurrency exchange that makes buying, selling, and exchanging cryptocurrencies easy. With Coinbase, you can buy Bitcoin just like you would a stock through an online brokerage, but be wary of the fees and poor customer service.

Beginners with basic computer skills can easily trade on Coinbase. Using Coinbase is as simple as going to the Coinbase website or downloading the Coinbase app for Android or iOS. You'll find the experience somewhat similar if you've traded stocks through an online brokerage.

Coinbase's main dashboard lets you see your portfolio, and buying and selling currencies are always just a few clicks away.

As of late, Coinbase has removed its full fee schedule from its online help section. But when you enter a trade, you can see how much you're paying on the trade screen.

👍 Pros

Simple to use for beginners who are new to cryptocurrency

A large number of cryptocurrencies are supported

Opportunities to earn cryptocurrency

Coinbase Pro offers lower pricing

👎 Cons

Fees for transactions could be high

Issues with customer service

Several altcoins are not accessible for trading

eToro - Best For Copy Trading

Open an account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

With eToro you can buy cryptocurrencies as well as stocks and ETFs. You can copy other investors' trades with its unique social trading feature.

CopyTrader is an innovative feature of eToro. With one click, eToro users can copy the trading of their favorite high-performance traders. Set your desired amount of money.

You can automatically mirror your favorite eToro trader's positions by allocating those funds. The social trading platform does not charge any management fees or other fees. It allows users to copy only one successful trader or up to 100 simultaneously using this trading tool.

There isn't a wide selection of cryptocurrencies on eToro when compared with the best cryptocurrency exchanges. Approximately 25 cryptos are available to U.S. investors, while non-U.S. investors can access around 75. There are also hundreds of cryptocurrencies available on other major U.S.-based exchanges.

There is a 1% fee plus a spread associated with crypto transactions on eToro. Compared to some of its competitors, this is a lower fee, but it is certainly not the most competitive. It is possible to trade crypto on some platforms for less than 0.1%. The costs of paying more than 1% in transaction fees can quickly eat into your profits if you plan to buy a lot of digital currencies. For buy-and-hold investors planning to hold crypto for a long period of time, eToro charges an inactivity fee after a year of inactivity.

👍 Pros

Invest in stocks, ETFs, and cryptocurrencies

Investors can copy each other's trades

The app is user-friendly

Debit card deposits are free

A demo account is available

👎 Cons

Cryptocurrency choices are limited

Fees could be reduced

State-by-state availability varies

Binance USA - Best for Zero Fee Trading

Open an account
Your capital is at risk.

The Binance US crypto exchange offers a blend of useful charts and a simple user interface. Moreover, Binance US's spot trading fees are rock-bottom, and instant-buy fees are extremely competitive. Sadly, not all residents of the U.S. can access this platform.

Customers of Binance US can trade in tiers according to their risk tolerance.

There are no fees associated with Tier 0 trades in this case. The BTC/USD pair, BTC/USDC pair, BTC/USDT pair, and BTC/BUSD pair are the only four Bitcoin (BTC) trade types allowed. Tier 1 and Tier 3 cover the rest of the trades.

On certain asset pairs, Tier I trades have taker fees of 0.20% and maker fees of 0.1%. Some examples are Ethereum (ETH)/USD and Solana (SOL)/USD.

A Tier II trade starts at a 0.60% taker/0.40% maker fee for trading less than $10,000 in a 30-day period. Examples of Tier II asset pairs include Cardano (ADA)/USD and Polkadot (DOT)/USD.

Binance Fees Review

The more you trade on Binance US, the lower your trading fees become. On Tier I trades, traders with a 30-day trading volume greater than $50,000 but less than $100,000 will pay 0.075% taker fees. You can also save on transaction fees by using the platform's proprietary coin, BNB.

Its educational resources are not as impressive as those provided by its partner company in other geographic regions. In spite of that, Binance.US remains a very competitive platform, thanks to its industry-low tiered fees.

👍 Pros

Its fees are low, especially when compared to its main competitors

Support for a wide variety of cryptocurrencies

Easily navigable trading platforms for crypto novices

Staking is allowed

👎 Cons

Some U.S. residents may not be eligible

The parent company suffered a major hack in 2019

Binance vs Binance US - What Are the Differences?

Kraken - High Level Of Security

Open an account
Your capital is at risk.

Kraken is one of the most established crypto exchanges on the market, having been launched just two years after Bitcoin. There is no rule that says the oldest is always the best, but Kraken is an exceptional platform with top-of-the-line security and more than 120 coins for domestic users and 160 for international users. Additionally, you can stake your crypto and earn rewards, all at a lower price point than average.

Those just starting out in cryptocurrency or those with more experience can benefit from Kraken's top-notch security, lower trading fees, and wide range of available cryptos. To avoid losing significant amounts of your investing dollars to spot trading fees, it is important not to stay at the beginner level for too long.

Kraken's basic version charges 0.9% flat fees for stablecoins, and 1.5% flat fees for all other cryptocurrencies.

Kraken Fees Review

Users of Kraken Pro, the higher-end version, pay considerably less. In the pro version, trades of $50,000 or less are charged a maker fee of 0.16% and a take fee of 0.26%.

Kraken's range of coins may appeal to more experienced crypto investors. Margin and staking are two options available to users. These last two had previously distinguished Kraken from many other leading platforms, but recently they were restricted to those with large amounts of assets in the U.S.

With more trading volume, Kraken offers more cryptocurrency trading markets and lower fees for advanced traders.

👍 Pros

A range of advanced features, including margin trading and stakes.

Excellent customer service options.

Withdrawal fees for Bitcoin (BTC) are relatively low.

A wide range of educational materials are available.

👎 Cons

The exchange is not available in all 50 states.

Fiat currencies are the only ones Kraken accepts.

There have been many complaints about hacked accounts from users.

Paxful - Wide Choice Of Payment Options

Open an account
Your capital is at risk.

You can find others who are interested in using cryptocurrency to complete transactions with Paxful, a peer-to-peer (P2P) cryptocurrency exchange. In terms of financial exchanges, there are several features that make it appealing to those seeking a bankless method.

Although Paxful does offer some decentralized finance (DeFi) options, it isn't as robust as some other DeFi options. Moreover, Paxful has an iOS and Android app.

Paxful has an easy-to-use trading interface. Mobile and desktop trading apps are available.

For opening a trade, all you need to do is click the "New Order" button. Using Paxful's Facebook page or Instagram account, vendors can advertise their crypto offers to attract more buyers.

Paxful has pretty low fees when it comes to trading. When you withdraw money from an exchange to your bank account using a credit card, you will have to pay a service fee of between 1% and 2%. Paxful does not charge for buying Bitcoin, but most sellers pay between 0.1% and 5% in transaction fees.

Despite Paxful's good trading conditions and good features, you are only able to buy a limited number of cryptocurrencies. Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) are the only supported currencies.

👍 Pros

Cryptocurrency purchases are free

There are more than 350 ways to pay or receive payment when selling Bitcoin

Become an affiliate and earn extra income

👎 Cons

Your options for buying crypto are limited

Gemini - Safest Crypto Exchange

Whether you're a beginner or an experienced trader, Gemini is a good option. If you are interested in crypto investing or trading, Gemini offers industry-leading security features, a hot wallet, and a comprehensive support center.

User-friendly features are available on Gemini's website and mobile app. Its simple purchase and selling options as well as its extensive support page make Gemini an ideal choice for beginners. With its ActiveTrader platform, experienced traders can execute trades quickly and can access advanced charting tools.

Other exchanges use a maker/taker fee structure, but Gemini uses a flat fee. There are different fees depending on the amount you trade and the platform you use. Gemini, for example, offers a fee schedule for mobile devices and a fee schedule for desktops. If the trade is more than $50 but less than $200, the fee is $2.99, and if the trade is more than $200, it is 1.49%.

Despite its transparency regarding its fees, this exchange's fee structure is more complex than that of some other exchanges. Additionally, it charges slightly more than many of its competitors in the industry.

👍 Pros

The exchange is available in all 50 states of the United States

Offers insurance for hot wallets

Strict security measures

👎 Cons

There are only about 100 cryptocurrencies available

Fees associated with trading can be high

FTX US - Low Fee Crypto Exchange for Advanced Traders

A major cryptocurrency exchange, FTX US is one of the largest U.S. platforms. It offers competitive trading fees, which makes it a great choice for active traders. You can also keep all your investments in one place with a great selection of NFTs and stocks.

The extremely low trading fees at FTX US are one of its main attractions. You will pay a fee based on your trading volume, and the highest fee is 0.20%. As a result, you can save money trading on FTX US since its rates are better than many of the best cryptocurrency exchanges.

Unfortunately, FTX US doesn’t have the best selection of cryptocurrencies. Perhaps it makes up for it in its NFT Marketplace. Among the types of NFTs it offers are virtual worlds, sports highlights, and digital art. You can buy and sell NFTs on FTX US, as well as mint your own NFTs.

👍 Pros

Fees are low

Options for advanced orders

A high level of security

Margin trading

NFT marketplace

👎 Cons

There is a limited selection of cryptocurrencies

Programs for staking or lending are not available

It is not suitable for beginners

Bittrex - Leading Virtual Crypto Exchange

In terms of crypto exchanges, Bittrex offers just about everything a crypto investor could ask for. In comparison to most of its competitors, it offers robust security, reasonable trading fees, and more cryptocurrencies.

Bittrex offers more than 140 cryptocurrencies. In addition to the big market leaders, there are a variety of smaller tokens to choose from.

Bittrex charges 0.35% trading fees, which can go as low as 0.1% depending on how much cryptocurrency you trade. The fees aren't the lowest we've seen, but it's certainly an affordable exchange.

In addition to limit orders and stop orders, Bittrex offers advanced charting tools and a live order book. When it comes to investing in cryptocurrencies, this exchange should be able to provide you with the features you need.

Despite heavy demand, Bittrex's trading engine is designed for quick trade execution. Active investors can take advantage of this to capitalize on price movements.

👍 Pros

Exceptional security

A great selection of cryptocurrencies

Fees are low

Tools for advanced traders

A strong collection of educational materials

👎 Cons

Customer service is average

Challenging for beginners

XT.com - Best Selection of Cryptocurrencies

Open an account
Your capital is at risk.

According to XT.com, there are three reasons to choose their trading platform over other platforms. Their matching engine is highly efficient. As a result, any trades you wish to make will be executed promptly and without delay. Their security measures are also very strong. Measures such as offline signatures, layers of architecture, and separating hot and cold wallets are some of these measures.

Third, they offer over-the-counter trading. Using OTC-trading, you can make larger trades quickly. Those trades that you do not want to execute on the open market due to pricing reasons (also called slippage).

The trading fee on XT.com is 0.20% for takers. Conversely, makers have to pay only 0.05% per order executed and trade at a substantial discount. As a result, these fees are comparable to industry averages, if not slightly lower.

👍 Pros

More than 100 cryptocurrencies and 300 trading pairs are available.

Diversified trading categories are available on the platform.

The FAQ and support forum are available along with the live chat option.

👎 Cons

Training programs and study guides are not available.

Is Crypto Legal in the USA?

Yes, crypto is legal in the U.S. Bank Secrecy Act (BSA) regulations apply to cryptocurrency exchanges in the United States. Cryptocurrencies are regarded by the US Securities and Exchange Commission (SEC) as securities and digital wallets and exchanges are subject to securities laws.

How to Choose a Crypto Exchange in the USA

Not sure how to choose the best crypto exchange in the U.S.? Consider the following criteria:

  • Basic trading features: An exchange's overall liquidity, the number of cryptocurrencies available for trading, and trading fees are key metrics to pay attention to. Find out about the best crypto exchanges for low-cost trading in the US. in the TU article.

  • Advanced trading features: For frequent traders, it is important to have access to complex trading features like advanced order types and volume discounts.

  • Margin trading: Consider an exchange’s margin trading rates, if applicable.

  • Platform availability: Crypto exchanges vary greatly in how accessible different features are by country and U.S. state, even among the best ones.

  • Customer service: Examine the customer support options available on an exchange.

  • Educational resources: Determine whether a platform offers educational content.

  • Security and storage: Analyze the storage options, security, insurance, and any large-scale hacks that have occurred over an exchange's lifetime.

  • Staking and rewards: Staking selected cryptos and earning interest payments is possible on some platforms.

  • Crypto lending: It is possible to lend out cryptocurrency on some crypto exchanges.

Where Can I Use Crypto in the USA?

Crypto can not only be used as an investment tool, but it can also be used to purchase goods and services. As people and vendors get more comfortable with virtual money, the list of goods and services you can buy with Bitcoin and other cryptocurrencies grows daily.

Among the items cryptos will purchase are insurance, consumer staples, luxury watches, and event tickets. A debit card is the best way to buy things with cryptos. These cards allow holders to withdraw cash from participating ATMs through major crypto exchanges and other providers.

Is Crypto a Good Investment?

In the right hands and as a part of a diversified portfolio, crypto assets can be a good investment.

In fact, cryptocurrency is one of the best investments if you want to gain direct exposure to the digital currency market. It is also possible to buy stocks of companies with exposure to cryptocurrency, but this may be less profitable.

Crypto portfolios can also be managed by diversifying the cryptocurrencies you own, which can lower risk. You can insulate yourself from losses in one of your crypto holdings by investing in several different products at different times, and at different rates. You can also be interested in information about What Is The Best Time To Trade Crypto In The United States read the Traders Union article.

FAQs

What is a crypto exchange?

Crypto exchanges are platforms for buying and selling cryptocurrencies like Bitcoin and Ethereum.

How does a crypto exchange work?

The concept of crypto exchanges is quite similar to that of brokerage platforms, and some offer a user interface where you can buy, sell, and speculate on cryptocurrencies.

Is crypto trading legal in USA?

Yes. It is legal to trade crypto in the U.S.

How much money do you need to buy crypto?

It depends on the type of cryptocurrency you want to buy whether exchanges have different requirements. There may be fractional shares of coins available for pennies or for only a few dollars. Check the requirements of your chosen crypto exchange before buying a coin.

Methodology for compiling our ratings of crypto exchanges

Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include:

User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.

Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.

Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.

Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.

Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.

Other factors like brand popularity, client support, and educational resources are also evaluated.

Team that worked on the article

Ivan Andriyenko
Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.